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Exploring Expatriate Tax Issues

Published on 24 Apr 2007 | Took place at The Chifley on Lennons, Brisbane, QLD

The movement of people across international borders creates a range of issues and challenges for the individuals involved, not the least of these is taxation. Many individuals do not plan to become expatriates - it is in many cases an accidental situation that they find themselves in. Unfortunately many individuals do not plan ahead and as a result, expose themselves to a taxation minefield!

The taxation issues that arise when individuals work or live outside their home country or change home countries can be varied. Accordingly, one of the biggest challenges is identifying the issues that may arise with international travel and work, and plan for the contingencies that may then occur.

The issues for inbound and outbound expatriates differ significantly and advisers who are able to identify the issues faced by each of these individuals are able to assist their clients in consciously preparing for and dealing with the challenges they will face.

These materials use real world examples to highlight the issues and apply the principles addressed.

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Individual sessions

My client the accidental expat: inbound individuals

Author(s):  Alana HAIDUK,  Belinda MARSCHKE

In the current war for talent, employers are looking overseas for their recruitment of skilled labour to fill long and short term needs and many foreign nationals are seeing Australia as an attractive place to work and/or retire. This paper looks at the tax issues individuals face when transferring or relocating to Australia either temporarily or permanently. Topics covered include:

  • determining residency status for Australian and home country purposes
  • the application of the double tax agreements, claiming exemptions and foreign tax credits
  • taxation of personal income, capital gains, overseas investments and foreign currency transactions
  • Medicare and Australian 'social security' such as FTB, baby bonus
  • Australian superannuation and foreign superannuation funds
  • impact of type of visa and an application for permanent residency/citizenship
  • repatriation or retirement?
Materials from this session:

Exploring expatriate tax issues - outbound individuals

Author(s):  Lisa WHAWELL,  Shannon JAMES

In the global business environment, organisations and individuals are increasingly seeking opportunities outside Australia, and accordingly many Australians are working overseas either for the short term or much longer term. This paper looks at the tax issues facing Australians when they live and work overseas on a short or long term basis. Topics covered include:

  • determining Australian residency status
  • the impact of their foreign country residency status
  • the application of double tax agreements
  • what income remains subject to tax in Australia
  • taxation of personal income and the impact on Australian investment strategies such as negative gearing
  • capital gains tax
  • double taxation, exemptions and foreign tax credits
  • the impact on Australian superannuation
  • eligibility for Australian Medicare and impact on private health insurance
  • eligibility for Australian 'social security' such as FTB and baby bonus
  • issues faced on repatriation to Australia.
Materials from this session: